Performance analysis of Biglari (BH)
Annual Return
Over the past 3 years, BH has had an average annual return of +11.20%, underperforming the benchmark SPY, which returned +22.45% annual.
Over the past 5 years, BH has had an average annual return of +12.06%, underperforming the benchmark SPY, which returned +13.88% annual.
Over the past 10 years, BH has had an average annual return of +0.63%, underperforming the benchmark SPY, which returned +15.44% annual.
Since Nov 1, 1999, BH has had an average annual return of +2.51%, underperforming the benchmark SPY, which returned +8.56% annual.
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| -11.98% | +30.73% | +54.18% | +18.83% | -2.65% | +28.21% | -2.82% | +0.75% | -58.89% | -12.42% | +45.23% | -18.45% |
| 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 |
| -21.14% | +40.01% | +5.91% | -10.23% | +26.56% | +172.36% | -45.41% | -38.07% | +3.84% | -15.59% | +12.50% | +78.49% |
| 2002 | 2001 | 2000 | 1999 | ||||||||
| -8.81% | +60.46% | -32.08% | -17.71% |
Monthly Return
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Annually Total |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +12.81% | +3.40% | -15.00% | -6.17% | -6.07% | +0.74% | -11.98% | ||||||
| 2025 | -8.76% | +5.65% | -11.66% | +7.56% | +6.11% | +18.24% | +5.51% | +0.82% | +4.11% | +11.64% | -18.66% | +13.11% | +30.73% |
| 2024 | -6.22% | +11.98% | +9.51% | +3.92% | +0.95% | -2.81% | +3.81% | -10.84% | -3.90% | -0.99% | +23.57% | +20.84% | +54.18% |
| 2023 | +17.49% | +10.26% | -5.90% | +2.37% | +18.95% | -4.32% | +3.05% | -8.44% | -10.75% | -10.99% | -1.31% | +13.10% | +18.83% |
| 2022 | -16.88% | +15.97% | +5.23% | -5.69% | -1.96% | -8.24% | -2.02% | +12.18% | -14.28% | +19.33% | +4.29% | -3.52% | -2.65% |
| 2021 | +3.18% | +2.10% | +13.33% | +0.23% | +20.37% | -0.43% | +3.12% | +6.33% | -1.74% | -3.25% | -14.66% | +0.50% | +28.21% |
| 2020 | -5.20% | -2.78% | -51.26% | +36.17% | -13.01% | +13.29% | -5.88% | +52.63% | -10.18% | -5.88% | +33.69% | -0.72% | -2.82% |
| 2019 | +15.28% | +2.36% | +5.49% | -1.43% | -34.98% | +14.64% | -12.58% | -3.40% | +24.28% | -23.41% | +35.12% | +1.43% | +0.75% |
| 2018 | -0.42% | +1.58% | -2.58% | -16.20% | -5.69% | -14.73% | +3.23% | +4.29% | -8.20% | -21.42% | +0.38% | -20.60% | -58.89% |
| 2017 | -6.34% | -3.11% | +0.60% | -1.24% | -10.88% | +5.14% | -6.36% | -20.45% | +11.93% | +7.25% | -4.04% | +20.82% | -12.42% |
Drawdown analysis of Biglari (BH)
The maximum drawdown for the BH was -87.83%, occurring on Mar 20, 2020. Recovery took 1398 trading sessions.
The current BH drawdown is -38.64%.
Since Nov 1, 1999 BH has experienced the following drawdowns:
- 50% or more: 2 times
- 40% or more: 5 times
- 30% or more: 6 times
- 20% or more: 8 times
- 10% or more: 11 times
| Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -87.83% | Dec 26, 2013 | 1568 | Mar 20, 2020 | 1398 | Oct 13, 2025 | 2966 |
| -86.56% | Aug 1, 2005 | 834 | Nov 20, 2008 | 523 | Dec 20, 2010 | 1357 |
| -48.04% | Jan 21, 2026 | 76 | May 11, 2026 | Ongoing | Ongoing | Ongoing |
| -46.45% | Nov 2, 1999 | 276 | Dec 5, 2000 | 274 | Jan 14, 2002 | 550 |
| -43.19% | Jun 28, 2002 | 154 | Feb 7, 2003 | 104 | Jul 9, 2003 | 258 |
| -37.62% | Feb 8, 2011 | 164 | Oct 3, 2011 | 474 | Aug 22, 2013 | 638 |
| -27.01% | Oct 24, 2025 | 19 | Nov 20, 2025 | 31 | Jan 7, 2026 | 50 |
| -24.51% | Jan 21, 2004 | 122 | Jul 16, 2004 | 263 | Aug 1, 2005 | 385 |
| -13.17% | Feb 25, 2002 | 14 | Mar 15, 2002 | 63 | Jun 14, 2002 | 77 |
| -11.86% | Jun 17, 2002 | 6 | Jun 25, 2002 | 3 | Jun 28, 2002 | 9 |
| -10.28% | Jul 9, 2003 | 8 | Jul 21, 2003 | 37 | Sep 11, 2003 | 45 |
| -9.60% | Sep 18, 2003 | 6 | Sep 26, 2003 | 12 | Oct 14, 2003 | 18 |
| -9.38% | Nov 3, 2003 | 10 | Nov 17, 2003 | 29 | Dec 30, 2003 | 39 |
| -7.76% | Jan 23, 2002 | 11 | Feb 7, 2002 | 10 | Feb 22, 2002 | 21 |
| -7.75% | Dec 20, 2010 | 8 | Dec 31, 2010 | 10 | Jan 14, 2011 | 18 |
| -6.20% | Jan 14, 2011 | 5 | Jan 24, 2011 | 8 | Feb 3, 2011 | 13 |
| -6.10% | Oct 20, 2003 | 2 | Oct 22, 2003 | 4 | Oct 28, 2003 | 6 |
| -5.49% | Aug 22, 2013 | 3 | Aug 27, 2013 | 46 | Oct 31, 2013 | 49 |
| -4.12% | Dec 9, 2013 | 4 | Dec 13, 2013 | 5 | Dec 20, 2013 | 9 |
| -3.56% | Sep 11, 2003 | 2 | Sep 15, 2003 | 2 | Sep 17, 2003 | 4 |
| -2.91% | Jan 16, 2026 | 1 | Jan 20, 2026 | 1 | Jan 21, 2026 | 2 |
| -2.30% | Jan 12, 2004 | 1 | Jan 13, 2004 | 4 | Jan 20, 2004 | 5 |
| -2.10% | Nov 29, 2013 | 1 | Dec 2, 2013 | 4 | Dec 6, 2013 | 5 |
| -2.04% | Jan 15, 2002 | 1 | Jan 16, 2002 | 3 | Jan 22, 2002 | 4 |
| -1.71% | Dec 30, 2003 | 1 | Dec 31, 2003 | 4 | Jan 7, 2004 | 5 |